IO

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: Hyperliquid against Extended+0.093%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$184as in the Funding arb table

Net, price: spread back to 7d avg − costs−$162as in the Price arb table

costs, in and out, $10k−$1721.715% of the position

Long on Extended Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.127%−$13 on $10k

Price spread, last 4 days (all we have)−0.176%−$18 · spread now +0.093%, 7d avg −0.005%

Together, before fees−0.303%+ Points / potential airdropExtended: Active · Hyperliquid: Season 2 · farm board−$30 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.099% dearer against Extended than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended IO-USD	0.1507	0.0104	pay 0.0013% / 1h	57m 10s	$241	$137K	5x
Short	Hyperliquid IO	0.1508	0.0100	get 0.0013% / 1h	57m 10s	$1.0M	$369K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ExtendedbpFee HyperliquidbpOrdersPrice spread, now +0.093%Rate

Funding earned: −$0.84
Price spread: +0.093% → −0.005%: $9.86
Slippage, 4 orders: −$157.54
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$162.52
Costs to cover: 1.715%
Break-even: never at this rate

Slippage from Extended: live order book, 58 min ago; Hyperliquid: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Extended live order book, 58 min ago	5.95 bp	76.0 bp −$76	527.1 bp −$5,271	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 3 min ago	6.30 bp	23.5 bp −$23	doesn't fit	doesn't fit	doesn't fit

IO on 14 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin IO-USDT	+0.0043%	4h	0.1505	−0.106%	$193K	$39K	50x	as long as short
Hyperliquid IOshort	+0.0100%	1h	0.1508	+0.093%	$1.0M	$369K	3x
Aster IOUSDT	+0.0100%	4h	0.1508	+0.086%	$23K	$49K	5x	as long as short
Binance IOUSDT	+0.0100%	4h	0.1507	+0.027%	$3.0M	$6.5M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	0.1506	−0.026%	$1.1M	$906K	25x	as long as short
Gate IO_USDT	+0.0100%	4h	0.1507	−0.006%	$230K	$553K	50x	as long as short
MEXC IO_USDT	+0.0100%	4h	0.1506	−0.039%	$1.2M	$226K	125x	as long as short
KuCoin IOUSDTM	+0.0100%	4h	0.1507	+0.027%	$356K	$647K	50x	as long as short
Bitget IOUSDT	+0.0100%	4h	0.1508	+0.093%	$1.3M	$1.3M	50x	as long as short
BingX IO-USDT	+0.0100%	4h	0.1507	+0.027%	—	$1.3M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni IO	+0.0100%	4h	0.1513	+0.408%	$33K	$13K	—	as long as short
Extended IO-USDlong	+0.0104%	1h	0.1507	long leg	$241	$137K	5x
Injective IO/USDC PERP	+0.0193%	1h	0.1508	+0.093%	$2K	$199	5.5x	as long as short
Kraken Futures PF_IOUSD	+1.6692%	1h	0.1505	−0.130%	$39K	$10K	10x	as long as short